Juliet goes to the train station to meet Scott Seaver, her college boyfriend. They had planned to meet there exactly seven years after they said goodbye, but he never shows up. At first dejected, she quickly becomes curious as to why he didn't turn up. She starts to use police resources to track him down, but Vick puts a stop to that before she can find anything. She sees Gus in the station, and asks for his help - but with the proviso that he must keep Shawn out of it. With everything that's happened between them, it would be weird. Gus agrees and goes back to the Psych office, where Shawn immediately figures out he's doing something behind his back. Gus has to admit he's finding someone for Juliet, but doesn't let him know Scott was Juliet's ex-boyfriend. The next day, an elated Shawn tells Juliet he found her missing person and he's dead. A distraught Juliet runs out of the room, and Gus must admit to Shawn who Scott really is. A guilty Shawn then decides to look deeper into what happened to Scott to give Juliet some answers. He and Henry get the police report on Scott's fatal accident and find many inconsistencies. Shawn and Gus then rope Lassiter into the investigation, who tells them that Scott used to work at a legitimate business front for the mobster J.T. Waring, who is currently incarcerated. Scott must have gotten in over his head and was taken out. They need to know more about Scott, so Shawn surreptitiously asks Juliet to tell him more about her old flame. Juliet raves about Scott, making Shawn a little jealous, but she also tells him about a rare figurine collection Scott had. He broke up the set and gave her the Dumbo because he knew she loved it.

Shawn then does an Internet search and discovers someone is selling that exact set minus the Dumbo. He and Gus go on a road trip to find the seller, thinking it must be Scott's killer, only to find Scott alive and well. They bring him back and surprise Juliet, but they get another shock when U.S. Marshal Daniel Wayne arrives and tells them they just exposed a witness out of the protection program. Wayne and Scott then explain that there was a raid where Scott worked and an agent was killed in the process. Scott testified against Waring, putting him in the room with the dead agent, and has been in protective custody ever since. Wayne wants to take Scott back, but now that he's out and has reconnected with Juliet, he refuses to return. Juliet lets Scott crash at her place to keep an eye on him, and that night Lassiter nearly catches a man who was lurking around the house. After that incident, Wayne points out to Vick that Scott is not safe with them. Shawn, then, decides to fix the situation at the source and he and Gus go see Waring in jail. Waring is evasive on whether or not his people are trying to kill Scott now that he's out in the open, but he does promise Scott will be safe from him if Shawn and Gus vindicate him. He may not be innocent, but did not kill the agent.

Shawn and Gus take Scott back to the scene of the crime. Shawn has Gus lie down and be the body but Scott tells them Gus is facing the wrong way. He also says he saw Waring standing over the body, but instead of shooting, he just ran. Gus tells Shawn that according to the report, the bullet went right through the agent but was never found. Shawn realizes, that with the body facing the way Scott said, the bullet must have gone straight out the window. They all go outside and find the missing bullet in a tree. But as Shawn climbs up the tree to confirm the find, shots ring out. Someone is shooting at them. They all take off and return with the cops, but by the time they get back, the bullet is gone. The real killer removed the evidence.

Back at the police station, Juliet says goodbye to Scott as Wayne takes him back into custody. Shawn asks Vick why Wayne is so invested in the case and she tells them that the dead agent was Wayne's partner. Shawn then notices tree sap on Wayne's hands, the same sap that got on Shawn when he was climbing the tree. Wayne took the bullet and Wayne is the one who killed the agent. Shawn, then, gets on his bike and chases after Wayne before he makes Scott disappear for good. He catches up to them and tells Wayne he knows the truth, that the shooting was an accident, a result of the chaos of the raid. But he saw an opportunity to pin it on Waring, and send him away for good, something the government had since been unable to do. Finally he hid Scott in witness protection to wrap up the loose ends. Wayne, who originally tried to avoid killing to cover up his mistake, realizes his only way out now is to get rid of them both. But the cops arrive just in time, and arrest Wayne. With Scott now safe, he no longer needs to go back into protective custody, but he and Juliet know the timing still isn't right for them. So they say goodbye, agreeing to meet back there in a year.